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Welch Gets It: Don't Criticize Your Successor [view article]
When Jack retired, he had the common sense to get off the board and let his successor be his own man. Clearly, Jeff has not lived up to anyone's expectations. All you need to do is look at the resilts to know this. And, clearly, while he might have the respect of his management team, they are not doing the job or they wouldn't have left him out of the loop early last month with regard to not meeting earnings goals. Jack's initial criticism was right on and reflected the Jack we all knew when he was boss. He wasn't known as neutron Jack because of his easy nature and demeanor. He told you as it was or as he saw it. He didn't back down. I guess he is mellowing with age or else he got a load of crap from others about his comments and he decided it was easier to quit than fight. Apr 17 12:15 PM

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